Intuitive Machines to acquire UK satellite firm Goonhilly for £37M, reports record Q1 revenue

Filed May 14, 2026 · Period ending May 14, 2026 · ~1 min read

Key Changes

• high

  Subsidiary agreed to acquire Goonhilly Earth Station (UK) and US operations for £37M (roughly $47M), paid half in cash and half in 960,649 Class A shares, expanding into satellite ground station communications.

  Item 1.01: Acquisition Agreement verify on EDGAR →
• high

  Q1 2026 delivered record quarterly revenue, positive adjusted EBITDA, and record backlog of $1.1 billion, signaling strong contracted future business and improving profitability.

  Item 2.02: Q1 Earnings verify on EDGAR →
• medium

  Acquisition closing requires UK national security clearance and FCC approval within six months; buyer can terminate if adverse changes exceed £5M or key counterparties refuse consent.

  Item 1.01: Closing Conditions verify on EDGAR →